Bangladesh is close to surpassing China as the world’s largest cotton apparel exporter and stronger demand prospects are expected to drive cotton consumption higher, said the US Department of Agriculture (USDA). The US agency, citing the annual fashion industry benchmarking study by the United States Fashion Industry Association (USFIA), said …
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The value of US imports of textiles and clothing has continued to shrink, decreasing by 19.98% to $25.874 billion in the first three months of 2023 from $32.331 billion in the corresponding period of 2022. With a 23.78% market share, China continues to be the US’s top supplier of textiles …
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Textile manufacturers in Nigeria have blamed porous borders for the collapse of the cotton-garment value sector of the country’s economy. Alhaji Kwajaffa, the Director-General of the Nigerian Textile Manufacturers Association (NTMA), disclosed this on Saturday in a statement reacting to the rot in the industry. Porous land border responsible for …
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MEDITEX 2023 to focus on medical textiles with live demonstrations During Techtextil India 2023, scheduled September 12 – 14, organizers will also host SITRA’s Expo on Medical Textiles called MEDITEX™ 2023 – an exclusive pavilion that focuses on medical textiles with live demonstrations and high-growth application areas offering a global …
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Layoffs hit Vietnam textile-garment workers hardest: Textile and garment workers make up most workers discharged in the first five months of the year due to difficult economic conditions. Attending a National Assembly meeting on 04 June, 2023, Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung said nearly 2,80,000 …
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The global knitted fabrics market is estimated to be worth US$ 27.99 billion in 2023. Demand for knitted fabrics is forecasted to rise at a 5.1% CAGR and reach US$ 46.03 billion by the end of 2033. Knitted Fabrics Market To Hit US$ 46.03 Billion By 2033 Expansion of the …
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The textile industry is experiencing a surge in demand for imported cotton as local arrivals have decreased. Sources reveal that Indian spinners have placed orders for 2.50 lakh duty-free bales from Australia, and this consignment is expected to arrive in India within three months. 2.50 Lakh Cotton Bales from Australia …
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Chinese imports disrupting Indian textile: Many countries around the world are dependent on cheap Chinese imports. If we see closely, we can observe that the industries of the countries like Pakistan, Sri Lanka, Uzbekistan and certain African nations which are dependent on imports from China slowly started to degrade with …
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BRUSSELS — February 14, 2023 — The stage is set for ITMA 2023 to host a highly anticipated showcase of trendsetting textile and garment technologies when it opens in Milan on June 8. Exhibition space grossing 220,000 square meters of the Fiera Milano Rho exhibition center is fully booked. ITMA …
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Latest insights published by Fact.MR on the textile dyes market forecasts a valuation exceeding US$ 8 billion by 2031. Rapidly evolving fashion trends are stimulating demand for trendy apparel, prompting manufacturers to include new color combinations and designs, pivoting sales, and are expected to push market expansion at a CAGR …
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